USDC

solenico

The point was that the BTC/EUR or/and BTC/JPY is more relevant for 10%-20% of people than BTC/USD(C/T). I use to have extra USDC available for lump sum dip buyouts but due to declining dollar I switched to EURI. Pays better interest as well. And BTW would make much sense for many USD holders as well to protect them from USD weakening. What ever you say and meant it does not make sense to keep on sticking in USD solely.

uncapchad

they are trying hard to get you to save fiat money in banks so they can improve defense funding (or so these Reddit ads keep telling me). There's no benefit to EU banks if you earn on USDC. As mentioned by another reply, Aave is one of the most trusted options., which I believe you can do on either Polygon chain or ETH chain. CEXs usually only allow withdrawal on ETH chain (check the options), so you'll need ETH in your receiving address to be able to proceed or, if they do support POL for withdrawing, then you need POL in your receiving address.

MichaelAischmann

My USDC on Binance is still earning >10% on simple earn (Germany). Otherwise, go DeFi & use AAVE or Compound like already recommended.

intotheEnd

In this case, every single casino accepts the same chips (eg. USDC, UST). That's precisely the benefit to the customer you asked about - universally accepted. Additionally, imagine that every time you swap cash to these chips, you have to pay a fee. So you're incentivized to just keep holding the chips, so you don't have to pay those fees every time. It also helps that every single casino accepts these chips.

Pabzzzzzz

You could stake your bitcoin into a lending platform like Aave (DeFi) or LEDN (CeFi), and borrow USDC against it. You may be able to get a more manageable rate from CeFi platforms. Just be careful to monitor the loan to value ratio. If you borrow too much and the price of bitcoin drops significantly some, or all of your crypto could be liquidated to close your loan.

AndyIbanez

Yes, both USDC and USDT are scarce hence the hyperinflation, but it's still very much possible to find stables. We have at least 4 services available to us that allow us to convert local fiat to USDC through P2P, and they are much easier to inject to the local economy since you can do so without banks.

pickleBoy2021

Everything is correlated to BTC. This whole industry was built off it. So you have miners, market makers, institutions that started from nothing and who are big and diverse but who denominate solely in BTC. A small remote earthquake or rumble sets off a Tsunami that builds in the ocean and takes out some some islands. City receives some damage while some small villages were destroyed and fisherman were killed. A BTC move is the earthquake. Tsunami are capital flows and positions. The damage to alts range from the city to the dead fisherman. Liquidity. In every portfolio. My top 3 watch coins or earthquake indicators are BTC, USDC, and USDT. If stable demand starts to climb while BTC starts to get shaky. My coins start going red hard. Earthquake is coming. Then it’s a matter of scale.

AndyIbanez

And there is, but it is much easier to acquire anyway. Of course, you buy the stablecoins at the parallel market exchange rate, so you are already buying them for more than twice as much, but at least they are more obtainable than physical USD. If you have a USD income, you are set as you can inject your coins as USDC or USDT into the market when you feel like you need local currency.

Majestic_Plane_1656

USDC

RefrigeratorLow1259

You're talking only $100M it's peanuts...essentially needs stable coin volume - Can't have USDC because it's too technical to implement on a UTXO chain, Circle can't be arsed doing it. ( Plus they hate ADA as being a non VC funded chain and they don't like competition to their EVM account based shit chains. Anyway RLUSD coming soon which has better audit reports.

IcyDragonFire

Both are gonna dump, but BTC's dump potential is much stronger. They'd do much better converting to USDC.

xXSomethingStupidXx

Buy USDC, transfer to wallet address held out of country, exchange back to fiat once you're at your destination and withdraw to local account

pop-1988

> How does one just "issue" a coin. I get that you want a coin that is pegged to the dollar There's the answer. You send them $1m. They bank (or buy US Treasury bonds) $1m, and mint $1m of stables You redeem $1m of stables. They withdraw $1m and send it to you. They burn $1m of stables > how does a company like CRCL make money off of "issuing" USDC Dunno about them, but Tether charges 0.1% fee on each purchase and each redemption. That's $10k for your $1m stables purchase. Easy money, very high fee, compared to stockbrokers' fees for stock purchases > But doesn't this defeat the purpose of wanting your assets tied to a currency that depreciates Stablecoins are not for hoarding. They're for trading That's not relevant to you because you're a BTC hoarder, not an altcoin trader

Proof_Emergency_8033

TLDR: * The team behind the Melania Trump-themed meme coin ($MELANIA) sold over $35.7 million worth of tokens (82.18 million) over four months, using liquidity manipulation tactics to reduce market impact. * The $TRUMP memecoin team recently withdrew $7.5 million in tokens and USDC from liquidity pools, a move often preceding insider sales. * These sales are part of a broader trend of sell-offs among Trump-linked crypto projects, suggesting coordinated insider activity. * The Trump family also quietly reduced its stake in World Liberty Financial from 60% to 40% via undisclosed transactions, continuing a pattern of stake reductions over six months. * Large holders of $TRUMP are also selling; one whale offloaded $4.9 million worth recently. * Token values have dropped significantly: $TRUMP is down \~30% and $MELANIA nearly 50% over the past month. * No official statements have been made explaining these sales.

pilatesfarter

You’re incoherent, and I’m unemotional about my speculation. It’s clear you don’t understand the mechanics. Stable coins settle using XRP on the XRPL. That includes both RLUSD and USDC. Stable coins are just the on-ramp. Facts are facts and opinions are opinions. Sorry you missed out.

pickleBoy2021

It’s only big money if people use your coin and you can manage your costs. USDC has some crazy costs so it’s a decent business vs tether. Like anything else it’s about adoption. If I’m a normie business CEO presenting to my board options. You want to protect your job, your fat stock options, and your plane. We have PayPal, USDC, JP Morgan, Stripe, USDT, future bank, Trump, and Xrp. As board member, CEO, senior exec the company with the confusing lawsuit sounds just like another player that’s in the mix but has not scaled anything.

coinfeeds-bot

tldr; The team behind the Melania Trump-themed meme coin $MELANIA has sold $35.7M worth of tokens over four months, using liquidity manipulation to minimize market impact. Similarly, the Trump-themed $TRUMP coin saw $4.4M in USDC and $3.12M in tokens withdrawn from liquidity pools, hinting at potential insider sales. These moves align with the Trump family's reduction of its stake in World Liberty Financial from 60% to 40%. Both $MELANIA and $TRUMP tokens have seen significant price declines, raising questions about coordinated sell-offs across Trump-linked crypto ventures. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MaximumStudent1839

> What about just using AAVE?  Over the last six months, its average APR for USDC is 4.11%. You might as well just stick to an online high yield account with a FDIC insured bank.

Leading_Wafer9552

Stablecoins like USDC and USDT are basically CBDCs by a different name. Circle and Tether can freeze your funds and block you from accessing them, which defeats the purpose of a real cryptocurrency that is supposed to be permissionless and allow users to truly own their own money.

MrTheums

Stablecoins serve as a bridge between the volatile crypto world and the relative stability of fiat currencies. They're useful for several reasons: reducing risk during trades (buying stablecoins first mitigates exposure to sudden price drops), facilitating frictionless transactions within crypto ecosystems, and providing a store of value in regions with unstable fiat currencies, as several commenters have noted. Regarding CRCL's (Circle) profitability with USDC, their revenue primarily comes from interest earned on the USD reserves backing the stablecoin. They invest these reserves in highly-rated, low-risk assets like US Treasury bonds. The spread between the interest earned on these investments and the negligible interest (or often, none) paid to USDC holders represents their profit margin. It's important to remember, however, that while pegged to the dollar, stablecoins aren't risk-free. Regulatory uncertainty, counterparty risk (the risk that the issuer may fail to honor its obligations), and algorithmic vulnerabilities (in the case of algorithmic stablecoins) all represent potential downsides. Therefore, understanding the underlying mechanisms and risks associated with specific stablecoins is crucial before utilizing them.

liquid_at

there are multiple markets and if you want to trade Crypto-USD it is different from Crypto-USDT or Crypto-USDC. There are also countries with different currencies, other than the USD. But for me personally, the primary advantage of stable-coins is that my government does not consider crypto to crypto exchanges a taxable event, so I can use stable-coins for trading without having to pay taxes, until I convert it to fiat.

AndyIbanez

Yep, this has opened the door to crypto to tons of people here. When this mess started I started buying a bunch of USDC before my savings were worthless, and I am now EDCing Bitcoin daily with that money.

Defusion55

One huge benefit is think gift cards. Take walmart for example a business with law margins. They buy a can of beans for $1.00 and sell it for $1.15 its a tiny profit so they have to sell large volumes. Now if someone buys a single can with a credit card walmart is paying visa a flat fee and a % to visa. Thats a huge chunk of their already tiny margin. They can get around that with a gift card as well as people lose forget or never use gift cards. With a stable coin its basically a superior gift card. You deposit $100 USD in your walmart app. They use their own stable coin or maybe someone else's (think circles USDC) to credit you $100 worth of stablecoin that you can now spend in walmart and they dont owe visit jack shit. 

MaximumStudent1839

Yes, it is a race between growing its USDC supply faster than the Fed can cut rates. If the Fed stays on course, we won’t be seeing zero rate anytime soon. Staying neutral means CRCL has a floor on its interest rate income.

exivor01

I will give you from japan. Because of regulations or Japanese be japanese, our crypto exchange applications here don’t have USDC or USDT, only JPY as fiat and not transferrable over to chain. As a result, following happens; “let’s say you have 2k USDC on ETH network or in other exchanges adn you need cash in japan. First you gotta buy ETH, BTC or any coin that japanese exchange uses so you are paying fees changing from USDC to ETH. Then you send that to japanese exchange. Then, when it arrives there, you sell it for JPY another unnecessary step, and Japanese exchange take like 100 times more fees. (No exaggeration unfortunately.) then you wanna withdraw that your bank which japanes exchange takes another 5 usd because F you. This process is infinitely more easier and like in total, cost like a dollar in any other country. In japan, i paid like 10 usd for withdrawing 100 usd. Crazy

jenya_

> What actual advantage am I getting 1) DeFi currency exchange: Uniswap pools allow to swap BTC to USDC, for this you need to have both currencies in the pool. 2) DeFi day trading: if you want to open a short or long in the BTC/USDC pair, the exchange (e.g GMX) automatically borrows USDC (or sells BTC to USDC).

ftball21

In a sense yes but they’re still receiving interest from every dollar they’ve ever turned into USDC at virtually no cost. The free money drain is narrowing but that’s the best problem a company can face.

MaximumStudent1839

>  CRCL make money off of "issuing" USDC.  They take your USD fiat and give you USDC. Then, they use that fiat to buy US government bonds and earn interest. So, they make money from the interest on US government bonds. > But doesn't this defeat the purpose of wanting your assets tied to a currency that depreciates due to inflation (the dollar)? You buy USDC because you want a crypto tied to the dollar. No one buys USDC to escape the dollar's depreciation over time. > Why tf would I want a stable coin? The most organic use for stablecoin is on DeFi, aka not platforms like Robinhood and Coinbase. The point is to get a "dollar" token on-chain. 1) Ppl use it to trade crypto like you do with cash on Robinhood/Coinbase. 2) Do Ponzi yield farming on-chain.

Your_As_Stupid_As_Me

Here's the funny part... "USDC is pegged to the dollar", but it's actually not. I'd post a photo, but you can see for yourself it's jumped between 99¢ and 1.03$

shakenbake6874

If i wanted no volatility i would just keep my dollars. What actual advantage am I getting by buying a stablecoin? My stablecoin USDC for example is depreciating at the same rate as my dollars. So why tf would I buy it or use it at all - serious question.

TroubleInMyMind

You hold all the money in a high yield acct give the lions share of the yields to your holders and skim a bit for yourself out of the yield. This is why a high yield savings acct will give up to 4.75 but Coinbase will only give you 4.12 or whatever it is on USDC. 4.5 I think with their 30 a month sub. Those fractions of a percent add up on billions.

BMB281

Put in USDC for yield and wait for the inevitable crash. Then find newer, promising tokens

RefrigeratorLow1259

Essentially it has a low stablecoin mc because Circle don't want to implement the tech to integrate USDC to a UTXO chain- they only like account based models, anyway RLUSD will come soon. Cardano will be the de facto DeFi layer for BTC (Also a natural fit as it's also a UTXO) Check: https://bitvmx.org/ Cardano is fully DECENTRALISED with no VC backing unlike SOL and SUI ( a16z, Poly Market Capital, Multi Coin Capital,Jump Crypto, Coinbase Ventures etc...) Transaction volumes regularly surpass 100,000 - and don't include fake tx's like mev bots and voting tx's like SOL. Influencers are not part of Cardano, you must be thinking of that charlatan of Bitcoin, Saylor..😏

biba8163

> BTC thrives as the “digital gold” because Ethereum exists as the “tech platform. BTC was labeled Digital Gold BEFORE Ethereum existed > Mining digital gold... Bitcoin may make a dent in the financial world (2013) https://www.economist.com/finance-and-economics/2013/04/13/mining-digital-gold > Bitcoin has caught the imagination of digital gold miners (2013) https://money.usnews.com/money/personal-finance/slideshows/6-virtual-currencies-that-went-bust > One analogy people here kick around is that it is digital gold. Therefore it can reach significant highs exceeding that of Apple because there is no expected means of production. (2013) https://np.reddit.com/r/Bitcoin/comments/1sowur/how_is_a_2600000000000_market_cap_for_btc_possible/cdzqlwp/ > Network effect from the crypto space → Much of BTC's adoption comes from the momentum of the entire crypto ecosystem The momentum is that the total Alt marketcap (excluding stablecoins) has shrunk -40% since 2021 while BTC marketcap has gone up 72%. Alts generally gain value and attention when BTC exists and appreciates not the other way around. > no DeFi **DeFi is a bullshit scam narrative** from the Summer of 2020. It's NOT neither decentralized and it's NOT fiance. - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are **no life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc.** Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens. > no NFTs **NFTs are mostly scams selling you 1990s jpegs or links to jpegs** > no DAOs **DAOs are scams.** Lets look at the definition of DAOs (Decentralized Autonomous Organizations A decentralized organization/company that is governed by its stakeholders with no chain of command or any one person in charge, everyone has a say in governance of the organization by means of direct voting power proportional to their stake in it. It is autonomous because humans are not responsible for the executive function of the organization. The smart contracts does everything automatically. Stakeholders can vote to change the behavior of the contracts or vote to bypass/change it entirely, but the smart contracts are organization. In reality, Decentralization and Governance memes and the whales control nearly everything by printing tokens for themselves and dumping on gullible retail investors. Even the most celebrated Ethereum DAOs are token dump scams. I posted this about MakerDAO 5 years ago: > One man, Rune Christensen controls the system, interest, fees, voting, etc. There are ELEVEN addresses that accounted for 98% of the voting for the protocol change for an "executive vote" used USDC. Eleven addresses control the entire protocol and a protocol change was voted in just...what 24 hrs? And most of those addresses are probably owned by a handful of people. On what planet is that decentralized? https://np.reddit.com/r/CryptoCurrency/comments/fl68d4/crypto_collateralized_stable_coins_have_proven/fkxc40i/ And people have posted the same crap about other DAOs whale controls everything like in Aragon another celebrated Ethereum DAO: > AGP42 : Put differently: aside from one whale, AGP42 passes. The Aragon community overall voted for AGP42, but it was rejected with 69% of the vote because of one whale. > AGP37: 82% in favor of AGP37. 453k to 99k. But then the whale voted. So despite 83% of addresses voting in favor of AGP37, on the surface it appears to be a large defeat where 66% vote against. > AGP-35:: Here’s another case in point: Edgeware Lockdrop Proposal for Aragon..The 792k whale voted for this. Deduct the whale’s votes and you get 338k. Which means that this proposal was losing by about 15% at ~43% versus ~57% pre-whale. Then the vote went from losing decisively to winning by a massive landslide. So aside from the whale, the Aragon community voted against Edgeware lock drop participation https://evanvanness.com/post/184616403861/aragon-vote-shows-the-perils-of-onchain-governance > Low TPS (5–7/sec) → Not viable for global payments or daily use at scale. There is zero interest in any crypto for payments except for stablecoins which really transact pegged fiat value. Tons of cryptos with high TPS and the world has zero interest in them. > Diminishing block rewards → Without active fee markets (which other chains helped normalize), miner incentives collapse over time. **Ethereum Maxis have been grasping for straws** with this one which was supposed to happen in the 2016 halvening when Bitcoin miners were not profitable for almost 2 years from 2014. Lots of mining companies went bankrupt in those years. There were tons of articles about how after the 2016 halvening, BTC was doomed. > By mid-2014, the high revenues of 2012 and 2013 are countered by high expenses, leading to a negative net cash flow from that moment on. https://link.springer.com/article/10.1007/s12525-018-0308-3 What happens is mining costs converges to the price of electricity and/or competition wipes out inefficient miners who don't innovate, find cheaper energy and locations. Since 2015, the miner rewards have been cut by -87.5%. But BTC price has gone up by 38,000% so miners rewards are more than enough. Fees alone will be enough reward the miners when block subsidies end. You can also slowly increase the block size over long time frames if needed to increase the subsidies if needed.

xlvi_et_ii

USDC or another stable coin and then convert to BTC.

OkSeries5363

You're right, that institutional mechanism exists, but it proves my point more. That system is a only feature of a highly regulated, permissioned, and accountable framework for licensed players. DeFi users we are essentially asking for the same powerful tax deferral benefit without any of the regulations, licenses, or accountability that makes the government comfortable with the ETF structure? The existence of the AP system shows the kind of robust, regulated framework that would likely need to be built around DeFi before a similar tax treatment could ever be considered. This is the most difficult technical hurdle currently. How do you legislate what qualifies for this "safe harbour"? \- If you deposit 100% ETH and get an LP token for a 100% ETH pool, that's simple. But what if the pool is 50% ETH and 50% USDC? Is that still "in kind"? What about a 3-token or 8-token pool? \- What happens when the LP token itself stops being just a "receipt" and becomes a financial instrument in its own right? You can use LP tokens as collateral for loans, trade them on secondary markets, and even stake them in other protocols. At what point does the LP token become a new, distinct asset, breaking the "in kind" link to the original deposit? \- Legislators would have to draw a precise, legally defensible line between a simple liquidity pool and a complex protocol that creates a derivative product. Creating this definition without opening loopholes for unintended assets to get the same treatment is extraordinarily difficult. You point also doesnt apply to retail investors. A retail investor using a standard brokerage account sells their iShares S&P 500 ETF (IVV) and immediately buys the Vanguard S&P 500 ETF (VOO), that is unequivocally a sale followed by a purchase, under the IRS triggering a Capital Gains Tax event. The two ETFs are different financial products issued by different companies, even if they track the same index. What your descriing applies to authorised paritipiants, a specific, institutional-level mechanism that is a core feature of how ETFs function in the US. This is not the same as loophole created in the traditional sense, but an intentional part of the legal structure. APs are not individuals. They are large financial institutions (like big banks and market making firms) that have a special agreement with an ETF provider. They are the only entities allowed to "create" or "redeem" ETF shares directly with the fund. You can not. Under US tax law (specifically Section 852(b)(6) of the Internal Revenue Code), these in-kind transfers are generally not considered a taxable event for the ETF fund or the AP. Can a wealthy individual do this, Not directly. An individual cannot become an AP. However, it is plausible that an ultra-high-net-worth individual could pay a large prime brokerage (who is an AP) a significant fee, to facilitate a large, custom swap on their behalf using this institutional mechanism. This is a bespoke, high-cost service, not a standard market transaction.

Cravensworth_redux

Safe to say no lender will consider a shit oin with no liquidity as a usable deposit. It'll be USDC, Bitcoin and Eth I'd imagine.

OkSeries5363

They don't insert a tip, with lending and LSTs, rewards go to the pool this means the pool grows and therefore your portion/claim of the pool is more when you come back later to claim? So when you return the recipt you get more back, same with liquid staking tokens. This means when you give your receipt tokens back they were 'worth' more as you got more back from the pool, or staking tokens than previously. A common misconception is that depositing cryptocurrency to earn a yield is treated uniformly for tax purposes. However, under tax law, there is a very critical distinction between how Centralised Finance and Decentralised Finance are treated, its an issue the IRS is currently grappling with given the precedent it sets. Centralised Finance (CeFi) The Loan Analogy In a typical CeFi "Earn" program, you deposit an asset like Bitcoin with a centralised company. The platform's Terms and Conditions often frame this as a loan. Because you are lending your BTC with the right to get BTC back, you may be considered to have maintained "beneficial ownership." Consequently, no disposal event occurs on deposit, you avoid an immediate CGT event, and your 12-month holding period for the CGT discount continues. Decentralised Finance (DeFi) The Disposal Problem In a DeFi liquidity pool, the process is fundamentally different. You send 1 BTC to a smart contract and receive a completely different asset, an LP token that represents your share of the pool. The IRS views this as a disposal of your Bitcoin. This action triggers an immediate CGT event and resets your long term discounts. This legal distinction creates a system where users are financially incentivised to take on the higher counterparty risk of a centralised platform to achieve a better tax outcome. The challenge of creating fairer DeFi tax rules While implementing a "no disposal safe harbour" for DeFi may sound like a simple solution, it presents profound technical and legal challenges for legislators. The difficulty lies in defining the boundaries of such a rule. What qualifies as 'In Kind'? If you deposit 100% ETH and get an recipt token for a 100% ETH lending pool, that's simple. But what if the LP pool is 50% ETH and 50% USDC? Is that still "in kind"? What about a 3-token or 8-token pool? What about when the Composition changes? What about 'Financialised' LP Tokens? What happens when the LP token itself stops being just a receipt and becomes a financial instrument in it's own right? You can use LP tokens as collateral for loans, trade them on secondary markets, and even stake them in other protocols. At what point does the LP token become a new, distinct asset, breaking the "in kind" link to the original deposit? Gains could be rolled over indefinitely from one high-yield protocol to another. The lines blur between what is a simple "receipt" and what is a complex, interest-bearing financial product. This could lead to a significant erosion of the tax base, as value is generated and compounded outside the reach of clear taxing points. This create a legislative challenge. Legislators would have to draw a precise, legally defensible line between a simple liquidity pool and a complex protocol that creates literal derivative product. Creating this definition without opening loopholes for unintended assets to get the same treatment is extraordinarily difficult. Creating a special exception for DeFi also risks undermining the integrity of the broader tax system. What would stop other industries from demanding similar treatment? For example, an investor might ask, "I swapped my individual TSLA and AMD shares for units in a tech ETF which holds just TSLA and AMD. That's an 'in-kind' swap, why do I have to pay CGT?"

BaadMike

I am not trying to shill any tokens, coins, or companies, so when I say this, it is in response to your question. IMO, we are still in the early adoption phase, much like in the early 90s when this weird thing called the Internet was being adopted. There are a lot of companies working on crypto payments, like https://flexa.co/. They have been silently working on a payment network that allows businesses to accept almost any digital asset and exchange it fiat or any other type of cryptocurrency (e.g., BTC, ETH, etc.) without tge business needing to buy any new equipment. With the passing of the Genius Act, I think you'll find more and more people start using these new payment rails so you can use your BTC at Regal Cinemas to watch a movie, your USDC as Baskin-Robins to buy an ice cream after, your ETH at Sheetz to fill up your car's gas tank, and your XRP at Chipotle for a satisfying dinner. This is all happening right now. The network is built and ready for mass adoption. It happens slowly, then all at once, and before you know it, credit cards will be a thing of the past, much like 8-track, cassettes, and CDs. A lot of people associate "crypto" with scams, and while there are many scams out there, a lot of it is the lack of understanding about what crypto really is and how it works. I think adoption is going to happen, but right now, it's like watching a pot of water go from tap room temperature to boiling. It takes time, and the longer we sit here and "wait" for it to happen, the longer it's gonna seem. When cassettes first came out, there was a point in time where only 5% or the population was listening to them, and 95% were using 8-tracks. Some years later, no one was using 8-tracks, CDs were the next big thing, but only 5% of the population was using CDs, and 95% were using cassettes. Some years later, no one uses CDs anymore, and digital music has gained the most traction. This will eventually happen with currency. Bitcoin IS the protocol for digital value transfer, so while only 5% of the population currently holds Bitcoin, I think in 10+ years, Bitcoin will be held by more and more people, and used by more and more. In 50+ years, I'm willing to bet that Bitcoin has become the world's reserve currency and be accepted globally.

OkSeries5363

I think you might misunderstand CGT. The caculation is simple, you just dont have the data to caculate, the IRS can't really make it any simplier for you? Extending the tax code heavily support crypto also doesn't really make sense, why should crypto traders get special provisions while all other investors get treated the current way? They are currently working on disposal and safe harbour rules for Defi tho! This is big step and the solution lies in advocating for the very changes I mention eariler, as these are designed specifically to solve the main issue. A "No Disposal Safe Harbour". This is the ultimate fix for phantom gains. By eliminating the CGT event on intermediary/similar DeFi swaps, tax is deferred until you finally sell your assets back into USD dollars. At that point, your tax liability would perfectly align with your actual, cash-in-hand profit. (This ovbiously would not apply to different assets like trading between BTC and ETH) This is the most difficult technical hurdle. How do you legislate what qualifies for this "safe harbour"? \- If you deposit 100% ETH and get an LP token for a 100% ETH pool, that's simple. But what if the pool is 50% ETH and 50% USDC? Is that still "in-kind"? What about a 3-token or 8-token pool? \- What happens when the LP token itself stops being just a "receipt" and becomes a financial instrument in its own right? You can use LP tokens as collateral for loans, trade them on secondary markets, and even stake them in other protocols. At what point does the LP token become a new, distinct asset, breaking the "in-kind" link to the original deposit? \- Legislators would have to draw a precise, legally-defensible line between a simple liquidity pool and a complex protocol that creates a derivative product. Creating this definition without opening loopholes for unintended assets to get the same treatment is extraordinarily difficult. What will likely happend, Instead of a blanket rule for all of DeFi, the government will create a pathway for protocols to become "regulated" or "qualified." This would be an opt-in system. A DeFi protocol could gain a "tick of approval" by meeting certain standards, potentially administered by a licensed US entity. These standards would address the government's key concerns.Once a protocol has entered the regulatory perimeter and becomes "Qualified DeFi" the government could grant it a specific, more favourable tax treatment. This creates currently the ultimate "Win-Win-Win" scenario. The Government Wins, they achieve their goals of maintaining a fair tax integrity, with the risk is contained to a defined, compliant sector. Users win, we get the best of both worlds. You can access innovative DeFi products with then benefit from clear, fair tax rules that don't penalise you for participating in DeFi over CeFi. This phased, incentive-based approach is the most likely path to resolving the current stalemate. It avoids a "one-size-fits-all" rule, acknowledges the government's very real concerns, and provides a clear and powerful incentive for the DeFi industry to build safer, more transparent products for everyone. Tax law is built on a set of core, long-standing principles. The concept of "disposal" is fundamental. Changing this isn't as simple as just removing from crypto trades.

chrisjoneschrisjones

Yeah, the tax event thing can get out of hand. I’ve always done my own taxes and some years I’ve had hundreds of entries at $0 swapping USDC to USD just in case.

MrTheums

This sounds like a spicy memecoin with some serious potential! I'm intrigued by the AI integration – how exactly is the AI utilized to provide utility beyond just the meme aspect? Is it involved in community management, tokenomics adjustments, or something entirely novel? The USDC rewards are a nice touch too, definitely adds a layer of legitimacy. My only concern is the saturation of the memecoin market; what's the plan to stand out from the crowd and avoid being just another fleeting trend? Let's hope this one's got the staying power to send us to the moon! WAGMI!

-UncommonKnowledge-

Figure Markets is great, app is super beginner friendly. Currently 0 fee trading on (BTC, ETH, XRP, SOL, USDC, LINK, UNI, HASH) and self-custody (MPC, user holds keys)

CynthiaTWilkerson

Stake or dive into yield farming. Tbh, there are just plenty of ways to keep your crypto productive out here, even from your wallets. Personally, I lend USDT & USDC on Aave and Compound, and I’m also into Vaulta’s BTC staking via Exsat. Solid returns, low stress. Plus, a few exchanges are offering juicy APYs on certain stable pairs if you're hunting yield.

cesarpunk_

Personally I use an Exchange called OKX. You create an account and you automatically have your digital wallet activated. Once there you have to buy USDT or USDC to later buy bitcoin or any other crypto. You buy these dollars through a super secure P2P system, where you transfer your local currency to a seller (there are always reliable sellers that are rated by the app), the mechanism is so safe that if the seller does not transfer the USDT to you, the funds are frozen for him and transferred to you if you appeal (I have made more than 100 transactions and I have never had to come to that). Once with the digital dollars you will convert and transform your USDT to BTC. That is the easiest way, you can also buy in the trading area or leave an automated purchase order. But there are many tutorials on yt.

Nano_my_config

It's your money, do it as you wish. Just make sure you understand the risks involved. I don't recommend investing money that you plan on using to buy a house. Reason being, is because nothing is guaranteed. If the price drops possibly signficantly when you need it, you'd regret investing in it and you would've been better off just saving it. Although you could invest in stablecoins like USDC that can generate a decent yield(4%) like on CB or something. I think it's important to have a clear distinction between what you're going to use the money for, investing vs. buying a house. Rule of thumb is invest money that you can lose and not worry about it. You are young. So time is on your side. 10-15 yrs is a long time. But just make sure you understand the risks involved. Nothing is guaranteed. Be sure to diversify your portfolio. BTC, ETH, SOL, SUI. I'd would do heavier on BTC than the rest. Otherwise, look into stablecoins as well. Some of the platform can generate a decent yield. But make sure to understand what they're using your money for. I think that's important as well. Good luck though. Wishing you the best.

Lumpy-Juice3655

I’m using some of my Algorand in a liquidity pool with USDC, earning 10% pool APY plus 10% rewards APY. I like both Algo and USDC and don’t care which one I have more of so impermanent loss isn’t really a problem for me. It’s not get rich quick but it definitely builds value over time.

DarthBen_in_Chicago

OP stated they are in the States. If you sell USDT or USDC, it’s reportable. You’ll get a tax document from the CEX. As you noted, it doesn’t really matter as long as the USDC doesn’t “break a buck”.

DarthBen_in_Chicago

You may not owe taxes, but using USDC or USDT is still reportable.

SpontaneousDream

Ok, so your logic is: * The price performance and dominance are so bad, that *surely* this means it must reverse soon, and now is a good point to take an opposite position. This is...interesting logic...and the irony of you saying that I'M the one who doesn't know about investing is comical. * I'm not saying $ETH has NO value. I'm saying $ETH is massively OVERVALUED, because it ACCRUES barely any value (you can check the numbers yourself on how much L2s pay to the L1). * 53% of stablecoins live on Ethereum, and if you look [here](https://defillama.com/stablecoins/chains), other chains have been eating into Ethereum's stablecoin dominance. In any case, it DOESN'T MATTER that Ethereum has a shit ton of stablecoins, because again, it doesn't accrue much value from these. Circle accrues all the value from USDC, et. al, not $ETH. Tether accrues all the value from USDT, not $ETH. * There have been many alts before ETH, and many alts after ETH. Again, these alts have contributed to ETH.D tanking. Ethereum has actual competitors TODAY that are taking away a lot of its market share. You can check all these metrics yourself. * Ethereum is a BACKEND protocol that accrues hardly any value, and the market is clearly not giving $ETH any monetary premium as it does $BTC, because $ETH *is not money.* Again, look at eth/btc. $ETH is literally just a gas token...it's not some triple point asset, digital oil, world computer, or whatever other bullshit ETH maxis can come up with. No need to get all angry and triggered. I'm just giving you facts. Again, you can check ALL of this on your own time.

0mkar

Initial tokens have to come from one person. But any one can add funds to the pool. But basically whoever adds funds, have to have both tokens. So imagine your friend wants to add funds of 100 USDC. So you need to send him some tokens that he can add to the pool as a pair with USDC. How much of your token? That depends on your pool strategy.

NebulaIntelligent817

just put them on USDT or USDC and stake them, miles and miles safer

0mkar

To create liquidity you need to have other tokens to support your liquidity pool. A liquidity pool is always created with a pair of tokens. So you can buy some eth, USDC, USDC, sol or something like that to add to your liquidity pool. But that's not all. You have to have strategies for your pool. Otherwise your pool will be wiped out.

Django_McFly

People who want ultra regulated, totally US controlled and domiciled stablecoins have had USDC as an option for years. USDC has less than half the market cap of USDT and a little bit over 1/9th the trading volume. I think that represents a reality for the type of stables Earth wants vs the stables that regulators would like for Earth to want, and it isn't surprising. There's more dollars held outside the US than dollars within (the eurodollar market, GPT it if you need details). Tons of people want dollars without the annoyance of US regulators. USDT will be fine. They're making stablecoins for that market--the people that don't want US control. Circle is making stablecoins for people that want their money in US banks.

PsychologicalBit803

54 on Monday. Buy $30 a day of USDC then buy in when price dips. Opened my first trading account in 2017 but didn’t really start buying BTC until 2021. Read The Bitcoin Standard and haven’t looked back. My daughter that still is skeptical will be the beneficiary one day…..too bad I’ll be long gone when she realizes yet again she should’ve listened to dad.

OkPatience3922

Me, on Cardano I do Liqwid finance, currently 14%-18% APY on stable coins lendings (iUSD, USDM, DJED). Same APY or a bit more for those who bridge USDC and USDT to Cardano using Wanbridge (thus on cardano, you have wanUSDC and wanUSDT tokens, which you lend on Liqwid finance). In fact I have been getting more than 14% for 6months already. and : Strike finance (perps dApp, like hyperliquid), currently 300% APY for liquidity providers (there is a risk for this, so you get paid ) + great income for $Strike token stakers (47K Ada will be distributed in 2 days to stakers. That's twice the value for previous period, which was pre-liquidity pools opening). This is non custodial, and smart contracts have be open sourced and audited.

AccomplishedView4709

Someone will take the place of USDT if it exist the US market (most likely USDC). As for its impact on BTC, yes, initially the price of BTC will drop but it will go back up in very short time again.

jawni

>Solana, like BNB, is largely a chain used for scam coins and junk. I don't believe they're faking the usage, but i believe the usage is 90% moonboys trading useless junk. and? What's your point? As I'll explain after this, there is far more then that happening on Solana, but if that's all it was... so what? They pay fees and fees are ultimately what every chain needs to survive if they don't want to rely on inflation and it doesn't seem to be going away. But the truth is that Solana facilitates a lot more than just memecoin trading. >What's SOL great for? Scam coins, because everything it does another network does better. Well, considering "scam coins" are treated by every blockchain as just an "asset" that means Solana should be the preferred network at moving any kind of asset around. Institutions have realized this and that's why they're flocking to Solana. Examples: [Kraken Partners with Backed to Launch xStocks on Solana for Tokenized U.S. Equities](https://www.businesswire.com/news/home/20250522005476/en/Kraken-Partners-with-Backed-to-Launch-xStocks-on-Solana-Bringing-Tokenized-Equities-to-the-Masses) [Classover Holdings Secures $500M for Solana-Based Treasury Reserve Strategy](https://www.fintechweekly.com/fintech-news/classover-holdings-secures-500m-to-launch-solana-based-treasury-game) [R3 Collaborates with Solana Foundation to Offer Enterprise-Grade Consensus Service on Solana](https://r3.com/press-releases/r3-signals-strategic-shift-to-lead-the-convergence-of-public-and-private-blockchains-to-deliver-internet-capital-markets-through-collaboration-with-solana-foundation/) [Seven Asset Managers File Solana ETF S-1s with SEC, Including Fidelity and Franklin Templeton](https://t.co/B4O8s6Zf0i) [DeFi Development Corp Secures $5B Equity Line for Solana Treasury Strategy](https://t.co/77yeQ6JXxG) [Robinhood Explores Solana for Tokenized U.S. Stock Trading Platform in Europe](https://www.bloomberg.com/news/articles/2025-05-07/robinhood-hood-plans-blockchain-to-trade-us-assets-in-europe) [Bybit Launches Byreal, First On-Chain DEX on Solana, Targeting Hybrid Finance](https://www.cryptobriefing.com/bybit-byreal-solana-dex-launch/) --- But it's not just institutional interest and memecoins, it's also DePIN, Solana is **easily** the leader in this area and here are some examples showing that: [GEODNET Partners with USDA for Centimeter-Precise GPS, Achieving $3M Annualized Revenue](https://www.theblock.co/post/316439/depin-players-hivemapper-helium-and-helio-chart-real-life-crypto-path-on-solana) [Grass Reaches 1M Users with Chrome Extension for Decentralized Bandwidth Monetization](https://tokeninsight.com/en/insider/leading-depin-projects-on-solana/page/1) [XNET Bridges to Solana, Reduces Token Supply by 90%, and Offloads 150 GB Daily Traffic](https://www.bitget.com/news/detail/1256051681632) [Helium Surpasses 335,000 Mobile Subscribers, Expands 5G Coverage with T-Mobile Partnership] (https://blockworks.co/news/solanas-biggest-depin-is-setting-records) --- But it's not just interest and memecoins *and* DePIN, there is also massive traction in the payment/stablecoin space: [Fiserv Launches FIUSD Stablecoin on Solana, Connecting 10K Banks and 6M Merchants](https://www.coindesk.com/business/2025/06/23/stablecoin-news-fiserv-makes-entrance/) [Visa Expands USDC Stablecoin Settlement Pilot to Solana for Cross-Border Payments](https://www.coindesk.com/business/2023/09/05/visa-expands-stablecoin-settlement-capabilities-to-merchant-acquirers-with-circle/) [PayPal Integrates PYUSD Stablecoin on Solana, Enhancing Payment Scalability](https://cointelegraph.com/news/paypal-solana-pyusd-expansion) [Stripe Supports Solana Payments, Driving Ecosystem Growth for Merchants](https://dailycoin.com/solana-sees-mayor-ecosystem-growth-as-stripe-and-paypal-integrations-lead-the-way/) [Shopify Integrates Solana Pay, Enabling Stablecoin Payments for Millions of Businesses](https://www.theblock.co/post/316439/depin-players-hivemapper-helium-and-helio-chart-real-life-crypto-path-on-solana) [Mastercard Partners with Solana Foundation for Crypto Credential Standards](https://www.nasdaq.com/articles/solana-in-2023:-a-look-back-at-top-storylines-coin-surge-plus-partnerships-with-visa) [Following a Crypto.com issuer pilot, Visa expands stablecoin settlement capabilities with Circle’s USDC, adding pilot programs with merchant acquirers Worldpay and Nuvei, and utilizing the Solana blockchain.](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.19881.html) --- That's far from everything, but you should get the point.

Zidanakamoto

What does it practically mean though? No listings on CEX's sure, but dexes and p2p (like in africa) is less affected. They have no control over the blockchain movements of tether in a way that they do with USDC and all the bank stables that are coming so I think tether can maintain market share as long as it is perceived as less "freezable".

Purple_Errand

Lol. they've been going about Tether since 2017 and here we are now Tether dominating in Exchanges/Futures/Forex/CFD/Savings. Even got stretched and keep on going For as long as USDC is in the house, Tether will always have access to each and every country.

punishGoalhanging

Quick question: If you are able to use both USDT and USDC where you live, which one are you using? and why?

punishGoalhanging

If South Korea have stablecoin regulation, then Tether will also leave. Maybe a red flag if Tether leaving every places that have stablecoin regulation? Canada has stablecoin regulation, Tether say bye bye EU has stablecoin regulation, Tether say bye bye Japan has stablecoin regulation, Tether say bye bye Hong Kong has stablecoin regulation, Tether say bye bye Singapore has stablecoin regulation, Tether say bye bye USA might have stablecoin regulation soon, which Tether can't meet the requirement and will have to say bye bye If more countries have stablecoin regulation or just make a simple law that say "all stablecoin in our country need to be delisted if they are not approved by EU/Canada/USA/Japan stablecoin regulation." Tether might not have any place left. Part of the reason why Circle is doing very well (stock) is that many people expecting it to take market share from Tether with USA stablecoin regulation near the passing line. Aka Selling USDT for USDC to be safe.

OwlPay_Wallet_Pro

Hi! Noticed your post while browsing and wanted to respond. We are OwlPay Wallet Pro. In addition to our wallet app for individuals, we also offer a wallet solution for companies that need fiat to USDC and USDC to fiat transfers. We also developed OwlPay Harbor, an API-based USDC on and off ramp service designed for companies that want to integrate stablecoin transfers into their workflow. Both services are licensed across multiple US states. If you are interested, feel free to look up *OwlPay Wallet Pro* or *OwlPay Harbor*, or just reply here. We are happy to help.

Django_McFly

If you can get it on a DEX, get it from there. I use Coinbase and when I buy BTC, it's cheaper for me to 1) buy USDC with no fees 2) withdraw to Base 3) buy cbBTC (Coinbase's take on WBTC) 4) send that back to Coinbase 5) withdraw as normal BTC. More steps but no wild spreads + fees. Everything else I buy, I can usually get from a DEX and at most maybe I need to buy like $3 of gas token on a CEX once then I can just defi my way into what I need.

DeeDzs

Correct. 50% LTV and 86% to get liquidated. When I did it, that puts my liquidation price around $58,000 without adding any collateral. I have have backup collateral in case. You retain full custody and control of your collateral via the Morpho smart contract. - You can read more about this on their website and other sources. Once I locked up my Bitcoin in a Morpho smart contract coinbase sent me the money in USDC ----> I converted to USD for free ----> Then I withdrew. Took me 1 full business day to get money in the bank. I'm still a firm believer in "Not your keys, Not your coin" , But at some point you need to take risk and make money off the asset you have been hodling for years. ( Just try a small amount first) I'm taking a calculated risk.

Few-Bake-6463

“Diminishing returns” refers to BTC performance relative to another store of value like gold or USDC. Bitcoin already has diminishing returns relative to gold. It grew 1,000x in the first five years, 10x the next five years, and 5x in the most recent five years. Literally diminishing returns.

SpontaneousDream

Because it's a completely useless, overvalued VC shitcoin? It accrues no value. No burns, no buybacks, nothing. $LINK cult members will claim some nonsense about "something something all fees paid in $LINK!!"...yea yea that's great and all but no project in their right mind is going to hold $LINK long term, which just results in them immediately dumping $LINK for USDC, BTC, ETH, etc. And let's not forget that Chainlink's service is literally just an oracle...which doesn't need a token, and even if it did, why didn't they use ETH? (hint: they want your $$). There are numerous projects out there that build oracles without the attached VC-shitcoin. There's also a TON of sell pressure from the team, seed investors, devs, etc. to "fund expenses". AKA, fund Sergey's expensive suits and watches. No joke- this dude went from wearing ugly ass plaid shirts to tailor made suits. He's now worth hundreds of millions. I gotta give it to him though, he pulled off a nice grift. Very similar character to a Daniel Larimer, Charles Hoskinson, etc. All talk, always shilling, always talking about "the future". These guys made their money at the expense of clueless bagholders like u/JustStoppingBy I wish I was making this all up, but you can check yourself on the tokenomics and quarterly sell pressure. Idk why anyone in their right mind would hold this shitcoin. More facts: * $LINK is -75% from USD ATH from 4+ years ago * $LINK is -90% from BTC ATH from 4+ years ago * $LINK is -88% from ETH ATH from 4+ years ago Just like with $ETH, no amount of good news matters when your token doesn't directly accrue value. And none of these altcoins have the monetary premium that the market puts on BTC.

jesschester

Okay that’s genuinely news to me so bear with me as I ask a few questions. 1) does that not still trigger a taxable event? Last I heard, stablecoins enjoy no special exception for tax purposes. Secondly, how does that factor in to actual crypto use? Do you convert say BTC into USDC and then buy the coffee? Because that’s also a taxable event. And finally, isn’t the whole point to get away from fiat currency? Like what’s the point of having a decentralized currency if it’s just pegged to a mass-printed fed coin? I’m not arguing, I’m genuinely curious as I’m getting the sense that I have some catching up to do.

INeverSaySS

What happens when all the banks refuse to accept your USDC from your wallet, as it's not from their bank-sanctioned custodial system? What happens when they lobby politicians to make it impossible to offchain anything due to AML/KYC concerns? This might be the beginnings of very dark times for crypto.

Proj3ctPurp1e

"Stable" in this context refers to the value of that token in the currency it is pegged to, not the value of the currency it is pegged to. An obvious example: 1 USDC is worth 1 U.S. Dollar. With the exception of some catastrophic cases, 1 USDC will always be considered worth 1 U.S. Dollar. This has been the case, and will be the case regardless of what happens to the fiat currency it is tied to. Stablecoins do technically have their seat on the crypto council, even if not granted the rank of cryptocurrency. So they care not what happens to fiat currency.

CertifiedDruid333

They make a little stablecoin named USDC.

yarrowy

The USD that they are holding for USDC

AbjectFee5982

FDIC insurance for USDC?

Every_Hunt_160

What if they are doing Tether style and minting USDC out of thin air and converting to USD to pump their stonk

amanj41

Could you explain why (not being snarky)? From my perspective, their offering is more or less like a global checking account. You purchase USDC, i.e. they issue you a liability for 1 USD, and you can send that liability around on a blockchain similar to wiring money to someone. They then make money by investing those dollars in treasuries. CC companies make even more money from fees and balance interest

JeffreyDollarz

It's not. The company that mints and backs USDC has had a surge in their stock price, which was just introduced.

SmoothGoing

They operate USDC stablecoin. Stock trading is generally off topic.

Grunblau

Did the fix the part where you don’t earn yield by holding stables? If not, it is doomed to fail as a policy. This is the only reason to hold USDC now, because my bank refuses to pay more than .001% interest on cash. 💷

DarthBen_in_Chicago

If using USD, you won’t have to report. If using USDC, you *will* need to report as USDC is a security. The only way to reduce the reportable transactions is to not have reportable transactions. By using USD over USDC, you avoid all the reportable transactions.

xbox-NU0

Essentially, I want to spend my fiat in order to earn crypto cash back. If I hold USD/USDC and prioritize using my CDC over my bank debit card, would taxes still be a hassle? And, if so, how can I avoid having thousands of transactions as I do tend to use my debit card for every little day purchases.

DarthBen_in_Chicago

I use a Coinbase debit card. Originally I kept my “cash” as USDC. You are right that when you sell, it’s reportable. But USDC is always $1 so buying and selling for $1 is still reportable although you won’t owe anything. It can make your filing many more pages. Now I just keep my cash as fist and don’t worry about it. Also, the “cash back” that you get in the form of crypto isn’t reportable.

MrStableMind

*This is huge but flying under radar. Federal framework = institutional green light. Treasury oversight means stablecoins become legitimate payment rails. Bullish for USDT/USDC volume, bearish for DeFi experimentation. Regulated stablecoins = crypto's trojan horse into tradfi* 

MakCapital

Bro, you all there? I just listed all different types of classes. You don't value Zeus as you would BTC. You don't value publicity managed web 3 equity like SOL as you would BTC. You don't value tokenized securities like bTSLA as you would BTC. You don't value indexes like JLP as you would BTC. You don't value tokenized fiat like USDC as you would BTC. You don't value LSTs as you would BTC. You don't value tokenized ownership of rev producing protocols as you would BTC. You can sort of value tokenized gold like XAUt as you would BTC. Could keep listing. Everything is getting tokenized. Everything falls into its own class. There are 4-5 major different asset classes already in crypto. Everything from HYPE to Link to XAUt is ownership of some mechanism of value or underlying asset with its own mechanism of value or commodity / commodity like. Even memes have their own category. If you think crypto is still just tokens competing with fiat or anyone serious buys SOL because they think people will one day purchase candy bars with it you're completely clueless to the fundamentals of each digital asset. Learn the space. It's all right in front of you. There are hundreds of billions of dollars of RWA's tokenized right now with massive trading and rev across different chains and protocols. There are rev backed assets from decentralized networks/protocols that act like decentralized securities, securities, derivatives, and literally tokenized US debt. The only token that absolutely offers nothing beyond a SOV, that's still relevant, is BTC. Every other token gets valued and classed individually based on the ownership that token provides. If you still think all crypto is a competitor to fiat you have no idea what is going on. If you don't think we already track rev where applicable I have no idea how you're even making money trading. Every asset on earth is speculative. Have you learned nothing posting all day? Crypto is just a word for digital assets. The assets can literally be anything. Like they are at this very moment. As exampled 😂 Assets on chain > Assets off chain. Crypto = digital asset of any type.

fairysquirt

Back it 1:1 with real assets, resolved to USDC if you need to buy back your own tokens

MakCapital

Absolutely not. It's many asset classes. All on global decentralized ledgers that require consensus for any change or more centralized global ledgers that use admin keys. Each token represents ownership of something underneath and that ownership can be anywhere on the risk curve. Until this space understands that tokens represent ownership of something else and each individual something else needs to be identified, labeled, and sorted correctly we'll never make progress. USDC, SOL, BTC, JUP, XAUt, bTSLA, JLP, MSOL, couldn't be more different. Identify what you own with each token. Identify revenue if L1 token (eg HYPE revenue) or token that depends on centralized revenue like tokenized securities. Determine what you believe to be fair value of underlying ownership. Invest. EVERYTHING gets tokenized. Crypto is just another word for digital assets. There are many asset classes. All these tokens get traded on the winning L1 or L2. That network will be worth trillions from transactional revenue. SOL already pulling in over a billion per quarter. The sooner everyone understands everything is a token that tracks ownership over something else, the sooner Coingecko will make more sense.

pibbleberrier

will likely be on an L2 using USDC, Paypal's stablecoin completely flopped, it should caution any trad fi company with zero knowledge of this space from trying to start their own. The goal for these retailer is to facilitate purchase on their platform, holding 1:1 reserve for something that might never get that much usage does not make sense for them. Money for these retailer will be better spend on capex and USDC has already proven itself in this space. People actually want to use and store USDC not their random stablecoin that most likely comes with a huge amount of restrictions. As for those hoping this will somehow benefit ETH are going to be very disappointed. The big boys are accumulating to stake and are perfectly happy with just the staking reward. Eth can stay flat for all they care.

peacefulblitz

You fucked your grandma over with those terrible picks! Not putting a single dollar in Bitcoin, Ethereum, or USDC is insane!

NebulaIntelligent817

if you bought USDC and staked it that would been miles safer

MichaelAischmann

I currently don’t hold any USDC. Maybe after some profit taking (knock on wood) and when I see good odds.

zesushv

America is taking the lead in this digital age while most countries are ball watching. Micro Strategy [America], Zetachain [America], major stablecoins like USDC and USDT are pegged to the American Dollar, 20% of Bitcoin mining industries are in America.

Y0l0BallsDeep

How are they supposed to make money if they back their USDC with USD? Short term treasuries are cash equivalent

dubble22

There different platforms. Ledn is a place you can. You could use defi. Wrap your btc and borrow USDC.

WellPayed

Sure but will chains like ETH benefit with so much USDC

mm34505

You know banks risk volatility now by holding foreign capital? Most stablecoins are on specific chains (USDC on Ethereum, USDT on Tron), which creates fragmentation, not interoperability. They still require counterparty trust — you’re relying on Circle, Tether, or a bank to hold reserves and redeem. Cross-border still needs a bridge asset to handle FX conversion — stablecoin ≠ instant global liquidity. Banks might use stablecoins in closed environments, but they still need something like $XRP to bridge currencies, networks, and liquidity pools in real-time, without trust assumptions. That’s the piece most people miss.

Omgwtfjer

Ok so load up on USDC got it

Renowned_Molecule

XRPL has a DEX built into it because they knew this would be needed in the future. Axelar and Flare Networks connects XRPL to 50+ blockchains and DAGs. GENIUS Act (USA) will be signed soon and it clearly states that “Issuers and custodians must be able to freeze tokens on lawful order.. Treasury may block non-compliant foreign stablecoins”. .. I’ve never interacted with Tether and never will. USDC operates on multiple blockchains and just because they announced it on XRPL last week doesn’t prove anything good or bad. https://docs.ripple.com/payments-direct/user-interface/tutorials/batch/bank-ids/ These are the banks that are connected with ripple.

SuperConsideration51

hi there - in a somewhat similar situation here ... though possibly even newer to these concepts. i have a friend who has a BEP20 wallet address. their wallet of choice is bybit. they are currently in vietnam but travel frequently. i am in the USA. i need to send them some crypto in said BEP20 format. from my preliminary research, my coinbase wallet USDC is somewhat compatible with binance BEP20 token, but the process of converting and sending is not clear to me. i've been searching for quite a while and have not found a clear answer to this use case. appreciate any genuine insight.  thank you.

Somebody__Online

It means that open futures positions, often called “perps” in this space for their perpetual expiration structure, got liquidated (margins called to settle). Meaning the collateral used to create the position was no longer sufficient to keep it open and so the entire collateral was consumed by the trade. These positions can be taken on exchanges or directly on the blockchain from your wallet on protocols like GMX, DYDX, or Gains network. Users put up some sort of collateral, like USDC and then open a positing on a crypto asset with a leverage multiplier. For example you can take a wallet with 100 USDC and use it to open a 50x “long” positing on ETH while ETH is at $2,500. Your position will hold the 100 USDC and be worth $5,000 of ETH at a price of $2,500 per unit, so 2 ETH If the market price of ETH falls only $50 down to $2,450, the 2 ETH position would be worth $4,900. At this point the $100 USDC collateral is no longer able to cover any more loss in price and the position is closed worthless with the $100 collateral being “liquidated”

JustStopppingBye

>You might be right. I am. >Both Ripple and Circle are actively involved in the transition towards ISO 20022 as a global standard for financial messaging. Neither are. >While XRP focuses on being a bridge currency for cross-border payments within this framework XRP is not a bridge currency. > Circle is integrating ISO 20022 with its stablecoin USDC to facilitate smoother transactions and greater compatibility with traditional financial systems. The ultimate goal is to facilitate seamless integration between traditional finance and the emerging digital economy, enabling faster, more cost-effective, and compliant global payments This is just AI slop. [https://www.iso20022.org/faq](https://www.iso20022.org/faq) > **Are there any cryptocurrencies that are compliant with ISO 20022?** >"Cryptocurrencies are not inherently ISO 20022 compliant." "The cryptocurrencies are not managed and not registered by ISO 20022" >**Can a blockchain company be ISO 20022 compliant?** >"But at the protocol level, blockchains themselves are not inherently ISO 20022 compliant."

GimpyPlayerOne

You might be right. Both Ripple and Circle are actively involved in the transition towards ISO 20022 as a global standard for financial messaging. While XRP focuses on being a bridge currency for cross-border payments within this framework, Circle is integrating ISO 20022 with its stablecoin USDC to facilitate smoother transactions and greater compatibility with traditional financial systems. The ultimate goal is to facilitate seamless integration between traditional finance and the emerging digital economy, enabling faster, more cost-effective, and compliant global payments.